JP Morgan: Trump win could boost emerging market stocks in Middle East and North Africa
The immediate financial effects of Donald Trump's election win included a surge in U.S. stocks, a stronger
African leaders welcomed Donald Trump’s election with hopes for fruitful partnerships, yet expectations remain low. U.S. policy has long sidelined Africa, focusing mainly on countering Russia and China, said Charles Ray, Foreign Policy Research Institute’s Africa Program chair. Ray noted that while President Biden called Africa a key partner, little action followed. Trump's “transactional, ego-driven” approach will likely deprioritize Africa, leaving it at the “very bottom” of his agenda, Ray added.
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